Glendale Partners With Developer to Build Large Mixed-Use Project Near Cardinals Stadium

Article originally posted on Phoenix Business Journal on August 12, 2021

A 62 acre parcel near State Farm Stadium and the future Crystal Lagoons Island Resort could soon be the site of a new, office-anchored mixed-use development, after the Glendale City Council voted Tuesday to enter into an agreement with Plaza Cos. to collaborate on the project.

The final vote on the project was 5-2. City Councilmembers Bart Turner and Lauren Tolmachoff voted against the proposal.

The site is just east of Loop 101 and south of the stadium and includes a 10-acre parcel owned by the Bidwill family, the owner of the Arizona Cardinals. The remainder of the site is owned by the city of Glendale.

“We have been working to get this queued up for two years,” Glendale City Manager Kevin Phelps said. “With all of the growth in that area, we wanted to find out how to better utilize that property.”

The site is currently being used as parking for Cardinals games, but that means that the site is only used a few times a year.

Glendale’s class A office inventory is about 95% leased already, so companies that might be interested in locating in the city would find it difficult to find suitable office space.

Find The Complete Article Here: https://www.bizjournals.com/phoenix/news/2021/08/10/glendale-partners-developer-mixed-use-project.html

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